145.191
Employee with less than 5 years of service electing to participate in defined contribution plan.

(A)
Except as provided in division (F) of this
section, a public employees retirement system member or contributor who, as of
December 31, 2002, has less than five years of total service credit is eligible
to make an election under this section. A member or contributor who is employed
in more than one position subject to this chapter is eligible to make only one
election. The election applies to all positions subject to this chapter.

Not later than June 30,
2003, an eligible member or contributor may elect to participate in a PERS
defined contribution plan. Unless a form evidencing an election is received by
the system on or before that date, a member or contributor to whom this section
applies is deemed to have elected to continue participating in the PERS defined
benefit plan.

(B)
An election under this section shall be made in
writing on a form provided by the system and filed with the system.

(C)
On
the request of a member or contributor who made an election under this section,
the system shall credit to the plan elected the accumulated contributions
standing to the credit of the member or contributor in the employees' savings
fund and cancel all service credit and eligibility for any payment, benefit, or
right under the PERS defined benefit plan.

(D)
For
each member or contributor who elected under this section to participate in a
PERS defined contribution plan and made a request under division (C) of this
section, any additional deposits that were made by the member or contributor
prior to April 6, 2007, under the version of division (C) of section
145.23 of the Revised Code as it
existed immediately prior to that date shall be credited to the defined
contribution plan.

(E)
An election under this section is effective as of
January 1, 2003, and, except as provided in section
145.814 of the Revised Code or
rules governing the PERS defined benefit plan, is irrevocable on receipt by the
system.

(F)
An election may not be made under this section by
a member or contributor who is either of the following:

(1)
A
PERS retirant who is a member under division (C) of section
145.38 of the Revised
Code;